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The global glamping market will grow at a CAGR of close to 11% by 2030
Saturday, 30th April 2022
Source : ResearchAndMarkets.com

With continuous modification in service offerings and expansions, the market is expected to witness a prominent acceptance among tourists who prefer to stay closer to home over foreign vacations.

The global glamping market size is anticipated to reach USD 5.94 billion by 2030, registering a CAGR of 10.9% over the forecast period. 

Also, staycations are becoming increasingly popular and are expected to continue growing further through Airbnb and various other advertising campaigns supported by the governments across all regions.

While de-stressing and relaxation are considered to be the main factors propelling the market growth, the need for a healthy lifestyle along with eco-tourism has created high demand for an active outdoors regime.

This, in turn, will have a positive impact on the market over the forecast period. Most consumers prefer spending a huge sum of money on immersive experiences as opposed to material possessions.

Ethical awareness as well as rising demand for greater ethical conscientiousness from brands is expected to fuel industry growth from 2022 to 2030.

Millennials nowadays seek adventurous, personal as well as local experiences wherever they go and are also willing to pay to get that emotionally evocative understanding, thus high target population is expected to have a positive impact on the market over the forecast period. In addition, another trend observed in the market is that in the past, staycations were only employed for celebratory purposes.

Although the impact of COVID-19 on disposable income over the forecast period is not known, it is seen to have not much of a change on the industry. Glamping is a fairly low-cost leisure offering within the tourism industry and thus remains attractive to a large percentage.

Moreover, traditional hospitality offerings including hotels, restaurants, and resorts have had a destructive impact due to COVID-19, whereas the glamping and camping industries witnessed a higher demand as they offer socially distant, hygienic, and scheduled breaks away from the city.

With no common areas or front desk, no bars or restaurants, operators like Hipcamp, Getaway, and Tentrr offer tents or secluded cabins that are well-positioned to capture this demand.

In addition, glamping service providers are also focusing on partnering with hotels and resorts to popularize and generate greater profits.

For instance, Glampique's services are a perfect solution for business-to-business glamping deals. However, getting planning permission to start a glamping site is one of the challenges faced by numerous owners. Land use permission to build glamping sites may take up to a year and is a very lengthy procedure.

This is one of the major challenges that discourage people from starting their own glamping business; particularly in the U.S.A., a few planning authorities simply don't relate glamping as a business or the benefits of luxury camping as an environmentally conscious way to use a piece of land or building and diversify or boost a local economy.

Get the full report here

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